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4. George is in the 32% tax rate bracket and has sold the following stocks in 2022: Date purchased Stock A Stock B Stock

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4. George is in the 32% tax rate bracket and has sold the following stocks in 2022: Date purchased Stock A Stock B Stock C Stock D Stock E 1/23/2016 4/10/2020 8/23/2017 5/19/2022 10/20/2021 Basis Date Sold Amount Realized 5,250 7/22/2022 6700 14,000 9/13/2022 24500 10,750 10/12/2022 7500 4,230 10/12/2022 5400 8,300 10/14/2022 10300 Please answer the following questions based on the above information: a) What is George's net short-term capital gain or loss from these transactions? b) What is George's net long-term capital gain or loss from these transactions? c) What is George's overall net capital gain or loss from these transactions? d) What amount of the gain, if any, is subject to the preferential rate for certain capital gain? e) How much is tax applied to George's capital gain if he has a net gain?

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